Fastenal Company (NASDAQ:FAST) reported second-quarter 2026 results Tuesday that showed double-digit sales and earnings growth, with the stock trading lower following the release.
Earnings per share of 33 cents were in line with analyst expectations, while sales rose 14.7% year over year to $2.387 billion, beating the $2.338 billion estimate.
Earnings And Margins GAAP diluted EPS increased 15.9% from 29 cents a year earlier.
Net income rose 15.9% to $382.8 million, while operating income increased 15.1% to $501.8 million.
Read Also: This Fastenal Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday The daily sales rate increased 14.7%, driven by customer contract wins, pricing actions, and a modest improvement in industrial production.
